AFEX “plans to raise $1.5bn from the capital markets” in 2024 as it expands across Africa, while revenue growth in the short term may be slower.
AFEX, whose turnover exceeds $300m and is present in Nigeria, Kenya and Uganda, has no intention to launch an initial public offering to secure extra financing, Balogun says during the Africa CEO Forum in Abidjan.Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.
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